KBRA Assigns Preliminary Ratings to FOCUS Brands Funding LLC – Series 2018-1 Senior Secured Notes and Places the Series 2017-1 Senior Secured Notes on Watch Downgrade

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) announces the preliminary ratings to one class of notes of FOCUS Brands Funding LLC, Carvel Funding LLC, McAlister’s Funding LLC, and Jamba Juice Funding LLC, a whole business securitization. Focus Brands Inc. (“FOCUS” or the “Company”) completed its first whole business securitization (“WBS”) in April 2017. The transaction is a master trust, and the Senior Secured notes, Series 2018-1 Class A-2 (the “Series 2018-1 Notes”) represent the